Stocks falling to new 52 week lows on August 24 are KB Home, Penn Virginia Corp, PulteGroup, Inc, Live Nation Entertainment, Inc, and JPMorgan Chase & Co. Investors are selling the stock and pushing it lower because they may think that these stocks were overvalued. This could be caused by earnings not meeting expectations, investor speculation, or a fall in market growth.
Shares of KB Home (KBH) fell by 3.31% or $-0.18/share to $5.25. In the past year, the shares have traded as low as $5.41 and as high as $15.84. On average, 4698130 shares of KBH exchange hands on a given day and today's volume is recorded at 1220512. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $9.04 area but be careful because the stock may face selling pressure at this level.
Shares of Penn Virginia Corp. (PVA) fell by 1.47% or $-0.12/share to $8.02. In the past year, the shares have traded as low as $8.05 and as high as $18.56. On average, 1093760 shares of PVA exchange hands on a given day and today's volume is recorded at 277621. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $12.52 area but be careful because the stock may face selling pressure at this level.
Shares of PulteGroup, Inc. (PHM) fell by 3.86% or $-0.15/share to $3.62. In the past year, the shares have traded as low as $3.74 and as high as $9.00. On average, 8834690 shares of PHM exchange hands on a given day and today's volume is recorded at 4493149. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $6.57 area but be careful because the stock may face selling pressure at this level.
Shares of Live Nation Entertainment, Inc. (LYV) fell by 2.17% or $-0.18/share to $8.1. In the past year, the shares have traded as low as $8.22 and as high as $12.44. On average, 1731600 shares of LYV exchange hands on a given day and today's volume is recorded at 529983. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $10.71 area but be careful because the stock may face selling pressure at this level.
Shares of JPMorgan Chase & Co. (JPM) traded higher by 0.93% or $0.31/share to $33.72. In the past year, the shares have traded as low as $33.35 and as high as $47.80. On average, 40037150 shares of JPM exchange hands on a given day and today's volume is recorded at 22019030. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $39.29 area but be careful because the stock may face selling pressure at this level.
